Intellect Design Arena Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 16, 2015, has approved, the allotment of 119,500 numbers of Equity Shares of Rs. 5/- each to 19 (Nineteen) Associates under ASOP 2003 Scheme and 29,250 numbers of Equity Shares of Rs. 5/- each to 14 (Fourteen) Associates under ASOP 2011 Scheme.